LOS ANGELES–(BUSINESS WIRE)–Bracket Capital (“Bracket”), a world multi-asset funding supervisor centered on progress and later-stage, technology-enabled corporations, at this time introduced the profitable shut of its oversubscribed second fund, Bracket Capital Fund II, LP (“Fund II” or the “Fund”) on the Fund’s onerous cap of $150 million, exceeding its unique $100 million goal. Bracket raised a further $300 million in co-investment autos to take a position alongside Fund II for a complete of no less than $450 million in fairness to deploy.
In step with Bracket’s funding technique for Fund I, Fund II will spend money on non-public corporations by way of main funding rounds and secondary market purchases from workers and early traders at these companies in search of liquidity. Bracket’s differentiated and confirmed strategy positions the agency to capitalize on long-term macro tailwinds as worth more and more accrues to corporations inside non-public markets.
Fund II is already being deployed throughout a various set of high-growth corporations.
Bracket obtained assist from 100% of its Fund I investor base and welcomed a extremely pedigreed set of latest traders comprised of main funding administration corporations, their homeowners, in addition to worldwide and home household workplaces and international establishments.
Jihan Bowes-Little, Co-founder and Managing Companion of Bracket Capital, mentioned, “We’re grateful for the robust assist we obtained for Fund II from our international investor base. Bracket will proceed to function a trusted associate, not solely to early workers at profitable pre-IPO corporations, but additionally to the businesses themselves. We imagine that entry to intermediate-term liquidity for workers and traders will proceed to be democratized, leading to win-win alternatives for each traders and operators.”
Yalda Aoukar, Co-founder and Managing Companion of Bracket Capital, mentioned, “As funding companions to a few of the world’s main and forward-thinking, technology-enabled corporations, Bracket possesses a singular perspective on markets and the administration groups chargeable for making outsized impacts on the way forward for enterprise and the digital world. We’ve developed a singular fame available in the market given our monitor file, discerning strategy to investing, and deep business relationships. We thank our new and returning restricted companions for his or her confidence and belief as we act as stewards of their capital.”
Bracket Capital’s inaugural funds, which launched in 2017, invested roughly $200 million in fairness capital, together with co-investment autos. Notable investments embrace: SpaceX, Airbnb, Clover Well being, Palantir, Coinbase, SoFi, eToro, Reddit, Unimaginable Meals, Hen, Muddle, and Hive.AI, amongst others.
Bracket additionally manages the Bracket Basis, the agency’s enterprise philanthropy arm that seeks to harness the facility of know-how for social good, contribute to international conversations on urgent social points, and lift consciousness on how you can leverage main applied sciences to deal with rising international challenges. The Bracket Basis is at the moment engaged with the United Nations on multi-year challenge to fight on-line sexual abuse of kids utilizing synthetic intelligence.
About Bracket Capital
Based in 2017, Bracket Capital is an alpha-driven international funding supervisor centered on later-stage, know-how enabled corporations with uneven risk-reward profiles. Bracket leverages a long time of buy-side expertise at international monetary establishments, optimizing returns for traders whereas offering invaluable and needed liquidity for early workers and traders. Bracket relies in Los Angeles and manages greater than $650 million in belongings for a various set of worldwide traders. For extra data, please go to https://www.bracketcapital.com.